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Kogi Iron Ltd. ( (AU:M4M) ) has issued an announcement.
Macro Metals Limited has announced that 100,641,859 ordinary fully paid shares currently subject to voluntary escrow and held by its largest shareholder, Paramount Trading Pty Ltd, will be released on or after 6 February 2026, with no impact on the total number of shares on issue. Paramount controller and former Macro non-executive director Shawn Tilley signalled his ongoing support for the company, stating he has no intention of selling the released shares and highlighting strong progress in Macro’s mining services division and the Extension Iron Ore project, a stance that may reassure investors concerned about potential selling pressure and underscores confidence in the company’s growth trajectory.
The most recent analyst rating on (AU:M4M) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Kogi Iron Ltd. stock, see the AU:M4M Stock Forecast page.
More about Kogi Iron Ltd.
Macro Metals Limited is an Australian mineral exploration, development and mining services company focused on creating shareholder value through the economic development of iron ore and manganese assets. The company holds a portfolio of these resources under active exploration to underpin future production, and, via its wholly owned subsidiary Macro Mining Services, provides end-to-end mining services across multiple commodities, including mining, crushing and screening, processing, haulage, ship loading and shipping, positioning it as a diversified mining and mining services player.
Average Trading Volume: 33,086,922
Technical Sentiment Signal: Sell
Current Market Cap: A$50.26M
For detailed information about M4M stock, go to TipRanks’ Stock Analysis page.